by The Silver Nanowires Market Is Estimated To Be Valued At US$ 148.06 Mn In 2023 And Is Expected To Exhibit A CAGR Of 34.% Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.
Market Overview:
Silver Nanowires Find Major Application In Touch Screen Panels, OLED Lighting, Solar Cells, Heaters And Sensors. They Help In Enabling Conductivity And Flexibility In Touch Screen Panels. Silver Nanowires Allow For Thinner, Lighter And More Flexible Touchscreens. They Are Transparent Conductors Which Can Replace Conventional Tin-Doped Indium Oxide (ITO). The Increasing Adoption Of Touchscreens In Consumer Electronics Such As Smartphones, Tablets, Notebooks Is Expected To Drive The Demand For Silver Nanowires Over The Forecast Period.
Market Dynamics:
The Increasing Demand For Touch Screen Panels From Smartphones And Wearable Device Manufacturers Is Expected To Be A Major Driver For The Silver Nanowires Market During The Forecast Period. According To Market Estimates, Around 1.5 Billion Touchscreen Smartphones Were Shipped Globally In 2020. Silver Nanowires Enable Production Of Thinner, Lighter And More Flexible Touchscreens. This Makes Them A Suitable Alternative To Conventional Transparent Conductors Such As ITO.
Additionally, The Use Of Silver Nanowires In Applications Such As OLED Lighting, Solar Photovoltaics And Heaters Is Also Anticipated To Fuel Market Growth Over The Next Eight Years. They Facilitate Conductivity And Flexibility In These Applications.
SWOT Analysis
Strength:
– Silver Nanowires Have High Electrical Conductivity And Optical Transparency Which Makes Them Suitable For Various Optoelectronic Applications.
– Silver Nanowires Provide Cost Effective Alternative To Indium Tin Oxide Which Is Expected To Drive Their Adoption In Touch Panels And Flexible Displays.
– Physical Properties Like High Aspect Ratio And Tight Size Distribution Gives Silver Nanowires An Advantage Over Other Transparent Conductive Materials.
Weakness:
– High Manufacturing Costs Associated With Precise Control Over Nanowire Size And Shape During Synthesis.
– Lack Of Standardized Production Processes Which Leads To Batch-To-Batch Variations.
Opportunity:
– Growing Demand For Touch Panels In Smartphones, Tablets And Other Consumer Electronics Is Expected To Drive The Silver Nanowires Market.
– Increasing Investments By Manufacturers In Flexible And Printed Electronics Will Provide New Opportunities Over The Forecast Period.
Threats:
– Availability Of Alternative Cheaper Transparent Conductive Materials Like Conductive Polymers And Carbon Nanomaterials.
– Strict Environmental Regulations Associated With The Use Of Silver During Manufacturing Act As A Challenge.
Key Takeaways
Global Silver Nanowires Market Is Expected To Witness High Growth, Exhibiting CAGR Of 34.% Over The Forecast Period, Due To Increasing Demand For Touchscreens In Consumer Electronics.
Regional Analysis
Asia Pacific Dominates The Silver Nanowires Market And Is Expected To Grow At The Fastest Rate Owing To Large Presence Of Consumer Electronics Manufacturers In Countries Like China, South Korea And Taiwan. China Is The Largest Producer As Well As Consumer Of Silver Nanowires Due To Low Manufacturing Costs And Growing Domestic Demand For Electronics.
North America Is Second Largest Market For Silver Nanowires Due To Early Adoption Of Flexible And Printed Electronics In The Region. Established Electronics Industry And Emphasis On R&D Of New Materials Further Supplements The Regional Market Growth.
Key Players
Key Players Operating In The Silver Nanowires Market Are Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, ACS Material, Zhejiang Kechuang Advanced Materials, BASF, Plasmachem, Suzhou Coldstones Technology, Nanopix, Novarials, Abrisa Technologies, ACS Material LLC, Blue Nano Inc., And Cambrios Technologies Corporation. Leading Players Are Focusing On Expanding Their Production Capacities And Global Footprint Through Strategic Partnerships To Cater Increasing Demand For Transparent Electrodes.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
